One in five cars sold this year will be electric – IEA

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Electric cars are expected to make up nearly one-fifth of the global market this year, according to the International Energy Agency’s outlook report for the electric vehicle market released. | Reuters

SUVs and large cars account for nearly two thirds of battery-electric models in China and Europe and even more in the United States.

“Outside of China, there is a need for original equipment manufacturers to offer affordable, competitively priced options in order to enable mass adoption of EVs,” the report said. In emerging and developing economies, two- or three-wheel electric vehicles outnumber cars. Over half of India’s three-wheeler registrations in 2022 were electric, according to the study.INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.Subscribe to our daily newsletter

 

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